If you do a small business on Facebook, you can give loans up to Rs 50 lakh. While most people are unaware of this, Facebook is currently offering this loan in more than 300 cities around the country. Let us know how you can take advantage of this facility.
Facebook Loan: When it comes to money issues, go for a loan. Some borrow from acquaintances. Others go bank. Some banks lend to the individual by taking specific documents. We ask for help from banks or NBFCs when the business wants to lend to another business. Do you believe that the most popular social networking site is Facebook? Yes, Facebook has just started working.
If you do a small business on Facebook, you can give loans up to Rs 50 lakh. While most people are unaware of this, Facebook is currently offering this loan in more than 300 cities around the country. Let us know how you can take advantage of this facility.
Supporting for a Loan Facebook is looking for the
majority of people to chat, make friends, reels, live video, stator. But many are unaware of the fact that many are doing business through Facebook. Yes it is a small business. That’s why there are so many profit makers out there, and now Facebook is becoming a platform to make good profits. With this, people are starting a small business, and Facebook is also launching a small business loans initiative.
But another thing to note is that Facebook’s owner company, Meta or Facebook itself does not offer this loan. For this, the company has partnered with Indifi.
To apply for a Facebook loan, you can get a loan by visiting the Small Business Loan Initiative . But for at least 6 months you should be advertising your business on any app that is integrated with Meta or Facebook. After completing this, consider the Facebook users and then provide the loan.
You can get a loan of Rs 2 lakh to Rs 50 lakh by applying for a loan on Facebook. Once the loan is approved, the money is credited to your account within 3 days.
There is the inevitable need to lend to banks. But there is no such thing in Facebook. Also, the interest rate on the loan has already been fixed. The individual has to pay an annual interest of 17% to 20% of the loan amount.
Women entrepreneurs will get a discount of 0.2% on interest rates. Once the loan is approved, confirmation will be received in just one day. The rest of the paperwork will be completed in just three days. When a small business needs a loan, Facebook offers support. But if used this way properly, it can help to rise to the peak of business and business.